GNCC Capital, Inc. (GNCP) Capitalizing on Precious Metals
Gold and silver have had explosive run-ups over the last decade. Ten years ago gold traded less than $400 an ounce. Now gold trades above $1,300 an ounce after reaching nearly $1,900 just a couple years ago. Silver’s meteoric rise was even more impressive, trading at just $5 an ounce in 2004 and rocketing to $48 an ounce in 2011. Put into perspective, a $10,000 investment in gold 10 years ago would have been worth more than $50,000 at its peak while a $10,000 investment in silver a decade ago would have returned $96,000 at its zenith. Given these price…